The Housing and Development Board of Singapore (HDB) has launched a tender for an executive condominium (EC) site in Bukit Batok West Avenue 5. This tender comes at a time when the demand for residential units has been growing in Singapore.

The EC site, which has a 99-year lease, is located close to the Bukit Batok West MRT station, providing convenient access to the city centre. The site has the potential to develop a total of 495 residential units, which makes it an attractive option for developers. The site also has an existing commercial building, which could be Altura EC converted into ancillary facilities such as a retail space or a childcare centre.

The HDB has also taken into consideration the proximity of the site to the Bukit Batok Nature Park and other amenities. The site is also within walking distance of a variety of amenities such as schools, food and beverage outlets and a polyclinic. This makes the area an attractive option for potential homebuyers.

The tender for the EC site in Bukit Batok West Avenue 5 is indicative of the growing demand for residential units in Singapore. As the population continues to increase and the need for housing rises, the HDB is responding by launching tenders to develop new sites in order to meet the demand.

This tender is a great opportunity for developers to take advantage of the potential of the site and to develop residential units that will meet the demands of potential homebuyers. With the convenient location and the potential to develop 495 residential units, this site is sure to be popular with buyers.

for Executive Condominiums

The Housing and Development Board (HDB) of Singapore recently launched a tender for an executive condominium (EC) site in Bukit Batok West Avenue 5. This tender marks the first EC site launch in 2020, with the potential to develop 495 residential units in the area.

The executive condominium site, located at Bukit Batok West Avenue 5, spans an area of over 6.5 hectares. It is also located close to a MRT station, making it a convenient option for anyone looking to buy an executive condominium. The tender also provides potential buyers with the opportunity to build their dream homes in a prime location.

The launch of the tender comes amid growing demand for executive condominiums in Singapore. According to reports, the number of EC sales has increased by 11.6 percent in the first half of 2020. This is likely due to the launch of several new projects, as well as the comparatively low prices of executive condominiums compared to private properties.

The tender also provides potential buyers with a number of incentives. These include a shorter minimum occupation period of five years before the option to sell the unit is made available, as well as the possibility of getting up to 90 percent loan from HDB.

The launch of the executive condominium tender in Bukit Batok West Avenue 5 is likely to be welcomed by potential buyers who are looking for affordable housing options in a prime location. It is also a testament to the growing demand for executive condominiums in Singapore, which is likely to continue in the coming years.